In a last minute ploy by the health insurance companies to persuade lawmakers to vote against health insurance reform legislation. The insurance industry threaten to raise annual premiums by $1,700 per household. The report by the insurance companies was considered a shot across the bow of the White House. The White House reacted quickly to the report by the insurance companies and added this is a move by the insurance companies to use any tactics to scare or put pressure on lawmakers to dissolve any health reform legislation before a major vote comes to the floor.
America’s Health Insurance Plans. Powerful US insurers turned on President Barack Obama’s top priority health care reform drive on the eve of a key congressional committee vote, warning the plan would send family medical expenses soaring.(AHIP)